"I hope Rajat is a big boy": Gupta trial wiretap

NEW YORK (Reuters) - Lawyers for insider-trading defendant Rajat Gupta on Tuesday played for jurors a 2008 wiretap of now-imprisoned hedge fund manager Raj Rajaratnam apparently confirming he deceived Gupta over a $10 million investment.

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NEW YORK (Reuters) - Lawyers for insider-trading defendant Rajat Gupta on Tuesday played for jurors a 2008 wiretap of now-imprisoned hedge fund manager Raj Rajaratnam apparently confirming he deceived Gupta over a $10 million investment. The issue is a key part of Gupta's defense to charges he illegally supplied stock tips to Rajaratnam. Gupta's lawyers rested their case in the U.S. District Court trial in New York after the wiretap was played. Closing arguments are scheduled for Wednesday. "When you take leverage you, you know. My problem is, I'm a big boy. I hope Rajat is a big boy. ...

NEW YORK — Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Monday pleaded not guilty to insider trading charges.
The younger Rajaratnam entered his plea in Manhattan federal court, one day after his arrest at John F. Kennedy International Airport in New York. FBI agents had escorted him to the United States on a flight from Brazil.
Prosecutors on Thursday accused Rengan Rajaratnam, 42, of conspiring with his brother to trade on non-public information concerning Clearwire Corp and Advanced Micro Devices Inc in 2008.

NEW YORK (Reuters) - Former Goldman Sachs director and McKinsey & Co executive Rajat Gupta was on a list of "important people" that now-imprisoned hedge fund manager Raj Rajaratnam was willing to be disturbed to take their phone calls, his onetime secretary testified at Gupta's insider-trading trial on Tuesday.